GREY:PTVYF - Post by User
Comment by
supserstaron Dec 08, 2011 9:54am
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Post# 19303020
RE: Petro Vista to Sell Interest in Morichito
RE: Petro Vista to Sell Interest in Morichitowell at least we know what they will focus on now. too bad they didn't take that line of credit in April when they were working on developing morichito in the first place. I would have thought Mor would be worth more than $5 million with the potential to produce 500-1000 bopd for a few years. It appears ptv was in some distress and now they can focus on Tartaruga which if they had the resources they could have done simultaneously with Morichito a year ago. Hopefully they can get to 500-1000 bopd net with no debt and get back to the .25-30 cent range...